Roof Advisory Group Inc. Lowers Holdings in Royal Caribbean Cruises Ltd (RCL)

Roof Advisory Group Inc. lowered its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,417 shares of the company’s stock after selling 1,623 shares during the quarter. Royal Caribbean Cruises accounts for about 2.0% of Roof Advisory Group Inc.’s portfolio, making the stock its 19th largest position. Roof Advisory Group Inc.’s holdings in Royal Caribbean Cruises were worth $3,822,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Swiss National Bank lifted its holdings in shares of Royal Caribbean Cruises by 2.8% in the 2nd quarter. Swiss National Bank now owns 565,238 shares of the company’s stock worth $58,559,000 after acquiring an additional 15,600 shares during the last quarter. Hexavest Inc. increased its stake in Royal Caribbean Cruises by 44.9% in the 3rd quarter. Hexavest Inc. now owns 542,895 shares of the company’s stock worth $70,544,000 after buying an additional 168,242 shares during the period. Davy Asset Management Ltd purchased a new position in Royal Caribbean Cruises in the 2nd quarter worth about $1,314,000. Legacy Capital Partners Inc. increased its stake in Royal Caribbean Cruises by 7.2% in the 3rd quarter. Legacy Capital Partners Inc. now owns 6,552 shares of the company’s stock worth $851,000 after buying an additional 441 shares during the period. Finally, Putnam Investments LLC increased its stake in Royal Caribbean Cruises by 3.9% in the 2nd quarter. Putnam Investments LLC now owns 216,639 shares of the company’s stock worth $22,444,000 after buying an additional 8,190 shares during the period. Institutional investors and hedge funds own 71.29% of the company’s stock.

RCL stock traded up $2.40 during trading on Tuesday, hitting $101.92. The company had a trading volume of 259,446 shares, compared to its average volume of 1,971,421. The company has a market capitalization of $21.54 billion, a PE ratio of 13.52, a P/E/G ratio of 0.74 and a beta of 1.17. Royal Caribbean Cruises Ltd has a 52-week low of $97.48 and a 52-week high of $135.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.17.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, October 25th. The company reported $3.98 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.01. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.82 billion. Royal Caribbean Cruises had a net margin of 19.46% and a return on equity of 16.93%. Sell-side analysts forecast that Royal Caribbean Cruises Ltd will post 8.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Shareholders of record on Friday, September 21st were given a dividend of $0.70 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.75%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 37.18%.

RCL has been the topic of several recent analyst reports. ValuEngine raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Stifel Nicolaus reduced their price target on shares of Royal Caribbean Cruises from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, July 24th. Barclays initiated coverage on shares of Royal Caribbean Cruises in a research note on Friday, August 3rd. They issued an “overweight” rating on the stock. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Wednesday, August 8th. Finally, Citigroup reduced their price target on shares of Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $140.33.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 6,600 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $125.55, for a total transaction of $828,630.00. Following the transaction, the executive vice president now owns 26,165 shares of the company’s stock, valued at approximately $3,285,015.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.26% of the company’s stock.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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